$BB – MIXED SENTIMENT DESPITE RWA BOOST
$BB is up 6.27% at $0.1033 but remains 7.12% down over the past 24h, underperforming the broader crypto market (+1.43%). Recent bullish catalysts are met with muted momentum.
Key Drivers:
• Franklin Templeton RWA Integration: BB Prime added tokenized U.S. Treasuries (BENJI) on August 5, offering 4.5% baseline yield and bridging TradFi with DeFi strategies. BB now benefits from the $7B tokenized Treasury market, following its BlackRock BUIDL integration. TVL is around $550M.
• Buyback Program: The BounceBit Foundation initiated open-market buybacks (5M BB ≈ $510K) using $10M YTD protocol revenue. With 30% of BB staked, buybacks reduce supply pressure but depend on sustained revenue growth.
• Technical Rebound: BB stabilized at $0.10 after testing $0.074 (July lows). Resistance lies at $0.114, with RSI at 45.53 and low trading volume (-3.74% 24h) hinting at weak bullish conviction.
Deep Dive @BlockchainBaller #BounceBitPrime
